Bear with me in this mess of resistances and supports.
UMA is characterized by a lot of R/S within this very huge pattern which is forming. As you can see though, the good news is that despite it dumped several times its price always bounced on a HL on the daily timeframe.
Average volume as increase over time and especially since 15th of Apri which is a good sign because I hope more volume will help UMA breaking more easily all the resistances you can see in my chart. Volume profile shows price is currently at resistance but hopefully after closing a candle over 32USDT on the 18th of April this coin will find the momentum it needs to rally and break out from this damn pattern!
In the meanwhile, if you wanna enter wait to see how price behave against VLPR's control line, if it repeats past patterns this should bounce back on it, if it does buy at reversal, if it goes up buy the retest of the control line!
UMA is characterized by a lot of R/S within this very huge pattern which is forming. As you can see though, the good news is that despite it dumped several times its price always bounced on a HL on the daily timeframe.
Average volume as increase over time and especially since 15th of Apri which is a good sign because I hope more volume will help UMA breaking more easily all the resistances you can see in my chart. Volume profile shows price is currently at resistance but hopefully after closing a candle over 32USDT on the 18th of April this coin will find the momentum it needs to rally and break out from this damn pattern!
In the meanwhile, if you wanna enter wait to see how price behave against VLPR's control line, if it repeats past patterns this should bounce back on it, if it does buy at reversal, if it goes up buy the retest of the control line!
Comment:
UMA keeps fluctuating under the control line, a support retest is possible if history repeats itself